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Antipodeans on a firmer footing on Thursday on return of risk-sentiment after China stocks rallied along with other Asian indices.
- The New Zealand dollar rose to $0.6471 levels, from $0.6430 early, recovering from a drop to a six-year low of $0.6200 earlier this week.
- The pair has given up some of the early gains and is trading at 0.6450, kiwi remains vulnerable to more losses if another bout of market volatility prompts risk-aversion.
- Next resistance is located at 0.6517 (Aug 26 High) levels and above which it could extend gains 0.6586 (Aug 17 High) levels.
- To the downside immediate support might be located at 0.6431 (Day's Low) below that at 0.6400.
